iShares Global Tech ETF (NYSEARCA:IXN) Short Interest Up 34.4% in February

iShares Global Tech ETF (NYSEARCA:IXN) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 748,542 shares, a growth of 34.4% from the February 12th total of 556,793 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily volume of 236,073 shares, the short-interest ratio is currently 3.2 days. Based on an average daily volume of 236,073 shares, the short-interest ratio is currently 3.2 days. Currently, 1.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares Global Tech ETF during the fourth quarter worth $25,000. Tucker Asset Management LLC acquired a new stake in shares of iShares Global Tech ETF in the fourth quarter valued at about $28,000. Larson Financial Group LLC purchased a new position in shares of iShares Global Tech ETF in the third quarter worth about $28,000. Mcguire Capital Advisors Inc. acquired a new position in iShares Global Tech ETF during the fourth quarter worth about $28,000. Finally, EFG International AG acquired a new position in iShares Global Tech ETF during the fourth quarter worth about $32,000.

iShares Global Tech ETF Trading Up 2.0%

NYSEARCA:IXN traded up $2.08 during trading hours on Monday, hitting $104.88. 302,193 shares of the stock were exchanged, compared to its average volume of 327,028. The firm’s fifty day moving average price is $106.58 and its 200 day moving average price is $104.88. iShares Global Tech ETF has a 52-week low of $63.58 and a 52-week high of $112.78. The company has a market cap of $6.39 billion, a P/E ratio of 34.73 and a beta of 1.24.

About iShares Global Tech ETF

iShares Global Tech ETF (the Fund), formerly iShares S&P Global Technology Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Information Technology Sector Index (the Index). The Index measures the performance of companies that Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies (S&P) deems to be part of the information technology sector of the economy.